re:'Art of the steal': Trump accused of vast fraud in NY suit

Sausalito CA

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This is the weakest lawsuit brought against Trump since Stormy Daniels who lost and had to pay Trump's legal fees. Anyone who borrows against their assets knows the bank does a through evaluation to determine whether or not the assets used as collateral are worth the loan amount. The banks did their due diligence, they loaned Trump the money and he repaid the loan in full on time. The AG of NY ran her election campaign base on prosecuting Trump, she's up for reelection and is falling behind in the polls. This is going nowhere, Trump will successfully defend himself and that's a fact. NEW YORK (AP) — Former president Donald Trump padded his net worth by billions of dollars and habitually misled banks and others about the value of prized assets like golf courses, hotels and his Mar-a-Lago estate, New York’s attorney general said Wednesday in a lawsuit that seeks to permanently disrupt the Republican's ability to do business in the state. It details dozens of instances of alleged fraud, many involving claims made on annual financial statements that Trump would give to banks, business associates and financial magazines as proof of his riches as he sought loans and deals. For example, according to the lawsuit, Trump claimed his Trump Tower apartment — a three-story penthouse replete with gold-plated fixtures — was nearly three times its actual size and valued the property at $327 million. No apartment in New York City has ever sold for close to that amount, James said.